The GBP/USD price is struggling to hold onto the gains after finding a bearish engulfing bar on the daily chart. The price closed below the 20-day moving average and played around the 200-day moving average.
The 50-day moving may lend support to the pair. However, the 100-day SMA is flat, and it may attract the price towards itself. The current scenario is neutral for the pair with a tilt towards the downside.
The US jobs data is important for the market next week to determine the directional bias.
Key levels for GBP/USD
Support1: 1.2000
Support2: 1.1905
Support3: 1.1855
Resistance1: 1.2100
Resistance2: 1.2175
Resistance3: 1.2250
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